Most Business People Calculate Marginal Cost and Marginal Revenue to Decide

question 129

True/False

Most business people calculate marginal cost and marginal revenue to decide how much to produce.

---

Definitions:

IoT Communications

The exchange of data and information between Internet of Things (IoT) devices and systems over various communication protocols.

Bluetooth

A wireless technology standard for exchanging data over short distances between fixed and mobile devices, creating personal area networks.

NFC

Near Field Communication, a set of communication protocols that enable two electronic devices, one of which is usually a portable device such as a smartphone, to establish communication by bringing them within 4 cm of each other.

RFID

Radio-frequency identification, a technology using electromagnetic fields to automatically identify and track tags attached to objects.